TNETS Customs and Trade Compliance News


How to Clear Gifts and Charitable Items Through Jamaica Customs

If your business is a charitable organisation or does work for charity, there are certain guidelines that you must follow for importing charitable items and gifts.    The Jamaica Customs Agency (JCA) reminds importers who operate on behalf of schools, churches, foundations, and charities of these requirements and procedures.  You can, also find these guidelines on the JCA website. Guidelines for Importing Charitable Items Firstly, all shipments must be in the...

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E-commerce and digitalisation ‘will transform freight demand’

Digital-led changes of both industry and consumer behaviour will create huge logistics shifts across modes and geographies in the years ahead, according to iContainers CEO Iván Tintoré Mike King The rise of E-commerce and the digitalisation of both industry and consumer behaviour will transform freight demand across modes and geographies in the years ahead, according to Iván Tintoré, CEO and co-founder of digital forwarder iContainers.  He told Lloyd’s Loading List surging e-commerce...

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A Metamorphosis Or Imaginary: What Exactly Is Digital Freight Forwarding?

Cathy Morrow Roberson 13/05/2019 The freight forwarding market is changing. Fast. We all know this and not many of us are surprised. For the past three years, on behalf of my market research firm, Logistics Trends & Insights, I’ve conducted an annual survey on this change. Each year I’ve asked what a freight forwarder is and the majority of the responses have always been “a firm specialising in arranging and shipping of merchandise on behalf...

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Off the cuff: An international trafficker of tea bags

May 13, 2019 15:15 Mick O’Reilly New Zealand is a long way away — it’s like travelling to the end of the Earth. It’s 11 hours on a plane from Hong Kong, and even that’s another 11 hours on a plane from London. Between jet lag and changing time zones, it turns what used to be my regular 12 midnight into high noon. You can watch football over breakfast...

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SME Export Needs Private-Sector Muscle

An active role from the private sector would ensure more and more SMEs are able to take advantage of opportunities in the global market. By PAWAN GUPTA,  May 7, 2019 Trading has been a major part of the world economy for a long time. The member nations of the World Trade Organization (WTO) alone contributed to a whopping $23 trillion last year in exports only and the global trade is expected...

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Maersk Launches Digital Customs Clearance

Shipping line Maersk has launched a digital customs clearance platform, to help customers deal with complex shipping regulations. It claims to be the first container shipping company to offer the service. By Steve Garnsey Various rules must be followed to ensure traded goods enter and exit a country legally. But if a delay occurs, the entire shipping plan is affected, causing increased expense such as storage costs and fines, resulting...

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FedEx Highlights Global Customs Clearance As Strong Blockchain Use Case

Nicky Morris Last year the Chairman and founder of FedEx, Frederick W. Smith, said that blockchain has “big, big implications in supply chain, transportation, and logistics.” So the question is what is FedEx working on? Ledger Insights spoke to Dale Chrystie, FedEx Business Fellow, who was recently elected as the first chair of Blockchain in Transport Alliance (BiTA) Standards Council. Chrystie highlighted two areas of interest to FedEx, authenticity and peer-to-peer networking....

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Citi digitises trade finance compliance with new NextGen project

Citi, in partnership with advisory firm EY and analytics company SAS, has launched an artificial intelligence-based solution to digitise its trade compliance processes. 01-05-19 BY ELEANOR WRAGGO The NextGen project brings together EY’s business, risk and technology consulting experience in the financial services sector with SAS’ analytics platform to create a risk analytics scoring engine which can analyse large volumes of trade transactions. The solution includes natural language processing...

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Platinum Equity Closes Acquisition of Customs Broker Livingston

Platinum Equity has completed its acquisition of Livingston International, Canada’s largest customs broker, for an undisclosed sum. May 02, 2019 Nate Tabak The deal puts Toronto-based Livingston, a member of the Blockchain in Transport Alliance (BiTA) in Platnium’s $13 billion portfolio. The companies announced the completion of the acquisition on May 2. “We are excited about the possibilities that lie ahead and look forward to benefiting from Platinum’s dedicated...

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